A request may be received to transfer from a first entity to a second entity a right related to a digital asset stored in an on-demand database system. The on-demand database system may provide computing services to a plurality of entities via the internet. A token associated with the digital asset may be identified. The token may being included in a smart contract recorded within a distributed trust ledger and may be owned by a first distributed trust ledger account. The smart contract may be executed within the distributed trust ledger to record a transfer of the token from the first distributed trust ledger account to a second distributed trust ledger account. The on-demand database system may be updated to include one or more database entries reflecting the recorded transfer.
Legal claims defining the scope of protection. Each claim is shown in both the original legal language and a plain English translation.
2. The method recited in claim 1, wherein identifying the token comprises generating the token at least in part by executing a token minting process associated with the distributed trust ledger.
This invention relates to token generation and management within a distributed trust ledger system, addressing challenges in securely creating and verifying digital tokens. The method involves identifying a token by generating it through a token minting process linked to the distributed ledger. The token minting process ensures the token's authenticity and traceability by recording its creation on the ledger, which is maintained by a decentralized network of participants. This process may include cryptographic operations to bind the token to specific attributes or ownership rules defined within the ledger. The distributed ledger provides a tamper-resistant record of the token's origin, ensuring transparency and preventing unauthorized duplication. The method may also involve validating the token's integrity by cross-referencing its attributes with the ledger's stored data. This approach enhances security and trust in digital transactions by leveraging the immutable nature of distributed ledger technology. The invention is particularly useful in applications requiring verifiable digital assets, such as cryptocurrencies, supply chain tracking, or identity verification systems.
4. The method recited in claim 1, wherein the right comprises ownership of the digital asset.
A system and method for managing digital assets involves a decentralized ledger that records ownership and transfer rights of digital assets. The system includes a network of nodes that validate and store transactions, ensuring transparency and immutability. Users can transfer digital assets by generating and broadcasting transactions to the network, which are then verified and added to the ledger. The system also includes a mechanism for resolving disputes and enforcing transfer rights. In one embodiment, the right associated with a digital asset includes ownership, meaning the holder of the right has full control over the asset, including the ability to transfer, sell, or license it. This ownership right is recorded on the decentralized ledger, providing a verifiable and tamper-proof record of ownership. The system may also include additional features such as smart contracts that automatically execute when certain conditions are met, further automating the management of digital assets. The technology addresses the problem of secure and transparent ownership tracking in digital environments, where traditional methods of ownership verification are often unreliable or easily manipulated. By using a decentralized ledger, the system ensures that ownership records are resistant to tampering and can be independently verified by any participant in the network. This is particularly useful for digital assets that lack physical counterparts, such as cryptocurrencies, digital art, or virtual real estate.
5. The method recited in claim 1, the method further comprising determining whether the requested transfer is permitted by accessing smart contract metadata included in the smart contract.
This invention relates to blockchain-based systems for managing digital asset transfers, specifically addressing the need for secure and automated validation of transfer permissions. The method involves verifying whether a requested transfer of a digital asset is permitted by accessing metadata stored within a smart contract associated with the asset. The smart contract contains predefined rules or conditions that dictate the validity of transfers, such as ownership verification, access controls, or compliance requirements. By querying this metadata, the system ensures that only authorized transfers proceed, enhancing security and reducing fraud. The method may also include additional steps such as validating the identity of the requester, checking the asset's current state, and logging the transfer for audit purposes. This approach leverages decentralized smart contracts to automate permission checks, eliminating the need for manual intervention and improving efficiency in digital asset transactions. The system is particularly useful in blockchain networks where trustless verification is critical, ensuring that transfers comply with predefined contractual terms without relying on centralized authorities.
6. The method recited in claim 5, wherein the smart contract metadata includes a transfer rule identifying a type of transfer of the token that is prohibited.
This invention relates to blockchain-based token systems and addresses the need for enhanced control over token transfers to prevent unauthorized or undesirable transactions. The method involves a smart contract that enforces transfer rules for digital tokens, where the metadata associated with the smart contract includes a transfer rule specifying a prohibited type of transfer. This rule can restrict certain actions, such as transfers to specific addresses, transfers exceeding a threshold value, or transfers occurring within a defined time window. The smart contract monitors token transfers and automatically blocks or invalidates any transaction that violates the specified rule. This ensures compliance with regulatory requirements, prevents fraud, or enforces organizational policies. The system may also include additional smart contract features, such as token issuance, ownership tracking, and transfer validation, to provide a comprehensive framework for secure token management. The invention is particularly useful in financial applications, supply chain tracking, and digital asset management, where strict control over token transfers is essential.
7. The method recited in claim 6, wherein the transfer rule identifies an entity to which transfer of the token is prohibited.
This invention relates to token transfer systems, specifically methods for controlling the transfer of digital tokens between entities. The problem addressed is the need to enforce restrictions on token transfers to prevent unauthorized or prohibited transactions. The method involves defining and applying transfer rules that specify conditions under which tokens can be transferred. One key aspect is the ability to identify and enforce restrictions on specific entities, ensuring that tokens cannot be transferred to prohibited recipients. The system evaluates transfer requests against these rules before allowing or denying the transaction. This ensures compliance with regulatory requirements or organizational policies, enhancing security and preventing fraudulent or unauthorized transfers. The method may be used in blockchain systems, financial networks, or other digital asset management platforms where controlled token transfers are necessary. By dynamically applying these rules, the system provides flexibility while maintaining strict control over token movement.
8. The method recited in claim 6, wherein the transfer rule identifies a maximum number of times that the token may be transferred.
This invention relates to token transfer systems, specifically methods for controlling the transfer of tokens between entities in a distributed network. The problem addressed is the need to prevent excessive or uncontrolled token transfers, which can lead to inefficiencies, security risks, or system overload. The invention provides a solution by implementing a transfer rule that limits the number of times a token can be transferred. This rule is part of a broader token transfer system that includes generating a token, associating it with a transfer rule, and enforcing the rule during subsequent transfers. The transfer rule specifies constraints on how the token can be moved between entities, ensuring that the token does not circulate indefinitely or beyond intended limits. The system may also include mechanisms for validating the token and its associated rules before each transfer, ensuring compliance with the defined constraints. This approach enhances security, prevents abuse, and maintains system stability by restricting the token's lifecycle. The invention is applicable in various domains, including financial transactions, digital asset management, and access control systems, where controlled token circulation is critical.
9. The method recited in claim 1, wherein the distributed trust ledger is implemented via a blockchain publicly accessible outside the on-demand database system.
The invention relates to a system for managing trust and data integrity in an on-demand database system, particularly focusing on the use of a distributed trust ledger implemented via a blockchain. The on-demand database system provides cloud-based data storage and management services to multiple users, where data is stored in a centralized database but accessed and modified by users through a network. A key challenge in such systems is ensuring data integrity and trust among users, as centralized databases can be vulnerable to tampering, unauthorized access, or disputes over data authenticity. The invention addresses this problem by integrating a distributed trust ledger, which records transactions or data modifications in a decentralized and tamper-resistant manner. This ledger is implemented using blockchain technology, which is publicly accessible outside the on-demand database system. The blockchain acts as an immutable record of changes, ensuring that all modifications to the database are verifiable and transparent. By making the blockchain publicly accessible, the system enhances trust among users, as any party can independently verify the integrity of the data. The blockchain may include timestamps, digital signatures, or other cryptographic proofs to further secure the recorded transactions. This approach prevents unauthorized alterations and provides a reliable audit trail for all database operations. The system may also include mechanisms to synchronize the blockchain with the on-demand database, ensuring consistency between the two. This solution is particularly useful in environments where multiple parties need to trust the data without relying on a single centralized authority.
10. The method recited in claim 1, wherein the token is non-fungible and includes one or more attributes that are unique within the distributed trust ledger.
A system and method for managing non-fungible tokens (NFTs) within a distributed trust ledger, such as a blockchain, addresses the need for unique, verifiable digital assets. The method involves generating and storing tokens that are non-fungible, meaning each token is distinct and cannot be exchanged on a one-to-one basis with another token. Each token includes one or more attributes that are unique within the distributed ledger, ensuring that no two tokens share the same set of attributes. These attributes may include metadata, ownership history, or other identifying features that distinguish the token from others. The system ensures that these attributes are immutable and verifiable by all participants in the ledger, providing a secure and transparent way to track and authenticate digital assets. This approach prevents duplication or counterfeiting, making it suitable for applications such as digital art, collectibles, and proof of ownership in decentralized systems. The method leverages cryptographic techniques to enforce uniqueness and integrity, ensuring that the attributes remain consistent and tamper-proof throughout the token's lifecycle.
Cooperative Patent Classification codes for this invention. Click any code to explore related patents in that topic.
August 24, 2021
April 9, 2024
Browse 5M+ US patents with plain-English claim translations and AI-generated analysis.